The U.S. Federal Reserve surprised markets with a more hawkish outlook on interest rates for 2025, causing gold prices to drop, but analysts predict solid support for the precious metal due to factors like central bank demand and safe-haven appeal. The Fed’s updated “dot plot” now indicates two rate cuts next year, raising concerns about potential inflation from President-elect Donald Trump’s proposed trade tariffs, leading to a stronger U.S. dollar and lower gold prices. Despite the downward pressure, continued central bank gold purchases, particularly from China, are expected to keep gold prices near record highs in the coming year.
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'Big kick in the teeth': NDP won't receive campaign reimbursements in hundreds of ridings
Summary The federal NDP faced its worst election result, with only 46 out of 342 candidates receiving over 10% of the vote, limiting its eligibility for campaign reimbursements from Elections Canada. The party, which secured only seven MPs, is expected to receive significantly less in electoral expense refunds compared to previous elections, compounding its financial struggles. NDP strategist Cam Holmstrom highlighted the financial implications, stating the situation will be a substantial setback for the party,...
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